divestiture








noun

  1. the act of divesting.
  2. the state of being divested.
  3. something, as property or investments, that has been divested: to reexamine the company’s acquisitions and divestitures.
  4. Also di·ves·ture [dih-ves-cher, -choo r, dahy-] /dɪˈvɛs tʃər, -tʃʊər, daɪ-/. the sale of business holdings or part of a company, especially under legal compulsion.
n.

c.1600, from divest on analogy of investiture. Economics sense is from 1961.

The act of a corporation or conglomerate in getting rid of a subsidiary company or division. In a tactic to pressure South Africa to end apartheid, during the 1980s many Americans and Europeans urged divestiture on corporations doing business in South Africa.

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